Learn to Evaluate (UGA) using the Charts
November 15, 2024, 16:18 pm ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for UGA
- Buy UGA near 58.31 target 63.6 stop loss @ 58.14 Details
The technical summary data tells us to buy UGA near 58.31 with an upside target of 63.6. This data also tells us to set a stop loss @ 58.14 to protect against excessive loss in case the stock begins to move against the trade. 58.31 is the first level of support below 60.28 , and by rule, any test of support is a buy signal. In this case, support 58.31 would be being tested, so a buy signal would exist.
- Short UGA slightly under 63.6, target 58.31, stop loss @ 63.78 Details
The technical summary data is suggesting a short of UGA as it gets near 63.6 with a downside target of 58.31. We should have a stop loss in place at 63.78though. 63.6 is the first level of resistance above 60.28, and by rule, any test of resistance is a short signal. In this case, if resistance 63.6 is being tested, so a short signal would exist.
Swing Trading Plans for UGA
- Buy UGA slightly over 60.37, target 62.6, Stop Loss @ 60.2 Details
If 60.37 begins to break higher, the technical summary data tells us to buy UGA just slightly over 60.37, with an upside target of 62.6. The data also tells us to set a stop loss @ 60.2 in case the stock turns against the trade. 60.37 is the first level of resistance above 60.28, and by rule, any break above resistance is a buy signal. In this case, 60.37, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short UGA slightly near 60.37, target 58.31, Stop Loss @ 60.54. Details
The technical summary data is suggesting a short of UGA if it tests 60.37 with a downside target of 58.31. We should have a stop loss in place at 60.54 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 60.37, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for UGA
- Buy UGA slightly over 60.37, target 61.18, Stop Loss @ 60.23 Details
If 60.37 begins to break higher, the technical summary data tells us to buy UGA just slightly over 60.37, with an upside target of 61.18. The data also tells us to set a stop loss @ 60.23 in case the stock turns against the trade. 60.37 is the first level of resistance above 60.28, and by rule, any break above resistance is a buy signal. In this case, 60.37, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short UGA slightly near 60.37, target 60.04, Stop Loss @ 60.51. Details
The technical summary data is suggesting a short of UGA if it tests 60.37 with a downside target of 60.04. We should have a stop loss in place at 60.51 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 60.37, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for United States Gasoline Fund Lp (UGA) available here: UGA.
UGA Ratings for November 15:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Neutral |
| P1 |
0 |
0 |
58.31 |
| P2 |
60.04 |
60.37 |
63.6 |
| P3 |
61.18 |
62.6 |
68.66 |
AI Generated Signals for UGA
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The United States Gasoline Fund Lp (NYSE: UGA) report below can help you understand how to do this. The trading plans for UGA, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for UGA:
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